AUD/USD rises toward 0.6600 during the ongoing Trump-Xi meeting
The AUD/USD saw an uptick after regaining some ground lost in prior sessions, trading near 0.6590 in Asian markets on Thursday. The Australian dollar remains stable against the US dollar, particularly after the anticipated meeting between US President Trump and Chinese President Xi Jinping in South Korea. Considering the tight trading ties between Australia and […]
AUD/USD reduces losses as the US dollar declines with a cautious Fed outlook and US-China tensions.
The Australian dollar (AUD) slightly reduced its drop against the US dollar (USD) on Tuesday, following a dip to its lowest point since August 22. This drop stemmed from worries about a potential revival of the US-China trade conflict, which could impact Australia’s close trading links with China. As of this update, AUD/USD was down […]
AUD/USD climbs toward 0.6550 before China’s Trade Balance report
Following a drop of about 1.25% in the last session, AUD/USD saw an uptick, trading around 0.6530 during the Asian session on Monday. Even with China’s September trade balance registering at 645.47 billion yuan—down from 732.7 billion yuan previously—the exchange rate didn’t show significant changes. Exports grew by 8.4% year-on-year in September, contrasting with a […]
What is the timing of Australian Trade Data and how might it impact AUD/USD?
Australia experienced a decrease in its trade surplus in August, landing at 1,825 million, revised down from 7,310 million to 6,500 million, as reported by the Australian Bureau of Statistics. In detail, exports from Australia dropped by 7.8% in August, a shift from the previous month’s increase of 2.5%, which was also revised down from […]
AUD/USD falls slightly to close to 0.6600 after Australia’s data
The Australian dollar has seen a drop due to uncertainties, following a Bloomberg report suggesting that China’s mineral resources group has stopped purchasing from BHP. Australia’s AIG Industry Index moved up from 7.6 points to -13.2 in September. Recent employment data from the US has raised speculation about possible rate cuts from the Federal Reserve. […]
What are the dates for China’s Retail Sales and Industrial Production and their potential impact on AUD/USD?
China’s Economic Performance in August In August, China’s retail sales rose by 3.4% compared to the same month last year, building on increases of 3.8% and 3.7% noted in July, according to data from the National Bureau of Statistics (NBS) released on Monday. Meanwhile, industrial production saw a year-on-year growth of 5.2% during the same […]
When is the China CPI report, and what effect might it have on AUD/USD?
China’s CPI and PPI Updates In August, China’s Consumer Price Index (CPI) dropped by 0.4% compared to the previous year, following a 0% reading in July, according to the National Statistics Office’s report released on Wednesday. Market expectations had predicted a smaller decline of -0.2% for this period. On a month-over-month basis, China’s CPI inflation […]
What is China’s Trade Balance and how might it influence AUD/USD?
China’s Trade Balance Overview The Customs General Administration is set to release the trade data for August on Monday at 03:00 GMT. Expectations point to a significant increase in the trade balance, forecasted to reach $99.2 billion, a notable jump from the previous figure of $9.823 billion. Exports are projected to rise by 5.0%, while […]
AUD/USD Forex Signal 04/09: Negative Price Channel (Chart)
Today’s AUD/USD Signal Short Trade Ideas: Consider entering a short position between $0.65207 and $0.65351, where recent intraday lows have confirmed bearish price channels. The daytime highs are sitting at medium levels. Set a stop-loss 10 pips above your entry point. If your trade hits a profit of 25 pips, it’s important to adjust and […]
What is the timing of the Australian Trade Data and how might it impact AUD/USD?
Australia’s Trade Surplus Update Australia’s trade surplus is anticipated to grow to 7,310 million in July, surpassing the expected 4,920 million, with the previous figure revised to 5,366 million. Recent figures indicate that exports from Australia have risen by 3.3%, adjusting from the earlier 6.3% reported last month. In contrast, imports have seen a decline, […]